acquirer

An acquirer, in a business context, refers to a company or financial institution that purchases goods, services, or assets from another business. In the realm of finance and payments, acquirers focus on processing credit and debit card transactions for merchants. They facilitate the transaction by connecting the merchant’s bank to the customer's card issuer, ensuring that funds are transferred securely. Essentially, acquirers help businesses manage and process payments, enabling them to accept card payments from customers efficiently.